# Ledger funding: rounds and investors

> Ledger has raised $469M across 7 rounds since 2015. Investors include Digital Currency Group, Cathay Innovation and Korelya Capital.

Source: https://millionrounds.com/company/ledger (Millionrounds; every figure on the page links to its filing or article)

France · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Ledger*

7 rounds we have observed, with the 31 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cybersecurity Fintech Web3 & Crypto

Valuation: $1.5B, Mar 2026

Funding summary Updated 26 Oct 2026

**$469M** raised across 7 rounds since 2015, from 7 sources

**$1.5M** Seed **$7.0M** Series A **$75M** Series B **$2.9M** Round **$380M** Growth **$2.5M** Series A

- **Latest round:** Venture Jun 2023
- **Biggest round:** $380M Growth · Feb 2022
- **Investors:** 31 (2 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2015 2017 2019 2021 2023

**$1.5M** Seed

**$7.0M** Series A

**$75M** Series B

**$2.9M** Round

**$380M** Growth

**$2.5M** Series A

**?** Venture

- **First round:** Seed, $1.5M
- **Biggest round:** $380M
- **Usual gap between rounds:** 15 months

## The rounds

- **Jun 2023** Venture **Amount undisclosed** *4 new* *1 returning* [Bpifrance](https://millionrounds.com/fund/bpifrance) [Kima Ventures](https://millionrounds.com/fund/kima-ventures) [Draper Associates](https://millionrounds.com/fund/draper-associates) [FirstMark](https://millionrounds.com/fund/firstmark) [Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) Source recorded
- **May 2022** Series A **$2.5M** *2 new* [Korea Tech Incubator Program For Startup](https://millionrounds.com/fund/tips-program) [Shinhan Capital](https://millionrounds.com/fund/shinhan-capital) Source recorded
- **Feb 2022** Growth **$380M** *4 new* *1 returning* [10T](https://millionrounds.com/fund/10t) Lead [Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) [Korelya Capital](https://millionrounds.com/fund/korelya-capital) [Draper](https://millionrounds.com/fund/draper) [Financière Agache](https://millionrounds.com/fund/financiere-agache) Reported by Cap Horn
- **Apr 2019** Round **$2.9M** *1 new* [Samsung](https://millionrounds.com/fund/samsung) Reported by Coindesk
- **Jan 2018** Series B **$75M** *5 new* *2 returning* [Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) Lead [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) [Cathay Capital](https://millionrounds.com/fund/cathay-capital) [CapHorn Invest](https://millionrounds.com/fund/cap-horn) [Korelya Capital](https://millionrounds.com/fund/korelya-capital) [GDTRE](https://millionrounds.com/fund/gdtre) Draper Espirit/ FirstMark Reported by TechCrunch SEC filing: $21M sold, first sale Aug 2015
- **Mar 2017** Series A **$7.0M** *9 new* [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) [Wicklow Capital](https://millionrounds.com/fund/wicklow-capital) [Kima](https://millionrounds.com/fund/kima) [The Whittemore Collection](https://millionrounds.com/fund/the-whittemore-collection) [GDTRE](https://millionrounds.com/fund/gdtre) [Nicolas Pinto](https://millionrounds.com/fund/nicolas-pinto) BHB Libertus Maif Avenir/ Xange Reported by FinSMEs
- **Feb 2015** Seed **$1.5M** *6 new* [XAnge](https://millionrounds.com/fund/xange) [HiMedia Group](https://millionrounds.com/fund/himedia-group) Alain Tingaud Fred Potter Pascal Gauthier Thibaut Faurès Fustel de Coulanges From a historical funding record

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2015 **Series A** 2017 **Series B** 2018 **Round** 2019 **Growth** 2022 **Series A** 2022 **Venture** 2023 [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) [Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) [Korelya Capital](https://millionrounds.com/fund/korelya-capital) [GDTRE](https://millionrounds.com/fund/gdtre) [Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) L [10T](https://millionrounds.com/fund/10t) L [Bpifrance](https://millionrounds.com/fund/bpifrance) [Kima Ventures](https://millionrounds.com/fund/kima-ventures) [Korea Tech Incubator Program For Startup](https://millionrounds.com/fund/tips-program) [Draper Associates](https://millionrounds.com/fund/draper-associates)

## Everyone who backed them

[Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) VC firm **2** rounds

[Cathay Innovation](https://millionrounds.com/fund/cathay-innovation) VC firm **2** rounds

[Korelya Capital](https://millionrounds.com/fund/korelya-capital) VC firm **2** rounds

[GDTRE](https://millionrounds.com/fund/gdtre) Investment firm **2** rounds

[Draper Esprit](https://millionrounds.com/fund/draper-esprit-plc) VC firm **1** round, led 1

[10T](https://millionrounds.com/fund/10t) Growth equity **1** round, led 1

[Bpifrance](https://millionrounds.com/fund/bpifrance) Government **1** round

[Kima Ventures](https://millionrounds.com/fund/kima-ventures) VC firm **1** round

[Korea Tech Incubator Program For Startup](https://millionrounds.com/fund/tips-program) Government **1** round

[Draper Associates](https://millionrounds.com/fund/draper-associates) VC firm **1** round

[FirstMark](https://millionrounds.com/fund/firstmark) VC firm **1** round

[XAnge](https://millionrounds.com/fund/xange) VC firm **1** round

[Cathay Capital](https://millionrounds.com/fund/cathay-capital) Private equity **1** round

[Shinhan Capital](https://millionrounds.com/fund/shinhan-capital) VC firm **1** round

[CapHorn Invest](https://millionrounds.com/fund/cap-horn) VC firm **1** round

[Samsung](https://millionrounds.com/fund/samsung) VC firm **1** round

[Wicklow Capital](https://millionrounds.com/fund/wicklow-capital) VC firm **1** round

[Kima](https://millionrounds.com/fund/kima) VC firm **1** round

[The Whittemore Collection](https://millionrounds.com/fund/the-whittemore-collection) Family office **1** round

[Draper](https://millionrounds.com/fund/draper) Corporate VC **1** round

[HiMedia Group](https://millionrounds.com/fund/himedia-group) VC firm **1** round

[Nicolas Pinto](https://millionrounds.com/fund/nicolas-pinto) Angel **1** round

[Financière Agache](https://millionrounds.com/fund/financiere-agache) Growth equity **1** round

Alain Tingaud no record of our own yet **1** round

BHB no record of our own yet **1** round

Draper Espirit/ FirstMark no record of our own yet **1** round

Fred Potter no record of our own yet **1** round

Libertus no record of our own yet **1** round

Maif Avenir/ Xange no record of our own yet **1** round

Pascal Gauthier no record of our own yet **1** round

Thibaut Faurès Fustel de Coulanges no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=ledger).

## Also claim to have backed them

These 18 firms list Ledger as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Felix Capital](https://millionrounds.com/fund/felix-capital) VC firm Per its own site

[Activant Capital](https://millionrounds.com/fund/activant-capital) VC firm Per its own site

[True Global Ventures (TGV)](https://millionrounds.com/fund/true-global-ventures-tgv) VC firm Per its own site

[Draper Dragon](https://millionrounds.com/fund/draper-dragon) VC firm Per its own site

[Tessera Venture Partners](https://millionrounds.com/fund/tessera-venture-partners) VC firm Per its own site

[Fantail Ventures](https://millionrounds.com/fund/fantail-ventures) VC firm Per its own site

[Golden Record Ventures (GRV)](https://millionrounds.com/fund/golden-record-ventures) VC firm Per its own site

[Nucleus Adventure Capital](https://millionrounds.com/fund/nucleus-adventure-capital) VC firm Per its own site

[ice.vc](https://millionrounds.com/fund/ice-vc) VC firm Per its own site

[25fifteen](https://millionrounds.com/fund/25fifteen) VC firm Per its own site

[37 Ventures Partners](https://millionrounds.com/fund/37-ventures-partners) VC firm Per its own site

[BitcoinFi Accelerator](https://millionrounds.com/fund/bitcoinfi-accelerator) Accelerator Per its own site

[Digital Finance Group](https://millionrounds.com/fund/digital-finance-group) Family office Per its own site

[RM Venture Partners](https://millionrounds.com/fund/rm-venture-partners) VC firm Per its own site

[Raisol Capital, LLC.](https://millionrounds.com/fund/raisol-capital-llc) Private equity Per its own site

[SIB Investment Group](https://millionrounds.com/fund/sib-investment-group) Family office Per its own site

[Warburg Serres](https://millionrounds.com/fund/warburg-serres) VC firm Per its own site

[White Castle Partners](https://millionrounds.com/fund/white-castle-partners) Advisor Per its own site

## Quick answers about Ledger

### Who invested in Ledger?

Ledger's investors include Digital Currency Group, Cathay Innovation, Korelya Capital, GDTRE and Draper Esprit, and 26 more on record.

### How much has Ledger raised?

Ledger has raised $469M across 7 rounds since 2015. One round did not disclose an amount, so the total is a floor.

### When did Ledger last raise?

Ledger's most recent round was a Venture in Jun 2023.

### What was Ledger's biggest round?

Ledger's largest round on record is $380M (Growth), in Feb 2022, led by 10T.

### Who backed Ledger first?

Ledger's first round on record, in Feb 2015, was backed by XAnge, HiMedia Group and Alain Tingaud and 3 others.

### What stage is Ledger at?

Ledger's latest named round is a Venture, in Jun 2023.

### Where is Ledger based?

Ledger is based in France.

### Who led Ledger's rounds?

Draper Esprit led the Series B in 2018; 10T led the Growth in 2022.

## Companies like Ledger

In the same sector, and raised in the last eighteen months.

[**Wealthcome** $25M · Sept 2026](https://millionrounds.com/company/wealthcome)[**Hackuity** $19M · Sept 2026](https://millionrounds.com/company/hackuity)[**OPiO** $4.6M · Sept 2026](https://millionrounds.com/company/opio)[**aais - armageddon artificial intelligence security** $2.5M · Sept 2026](https://millionrounds.com/company/aais-armageddon-artificial-intelligence-security)[**Sorare** $680M · Sept 2026](https://millionrounds.com/company/sorare)[**Aria** $311M · Jul 2026](https://millionrounds.com/company/aria)

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